As we reported on Tuesday, the December WASDE reduced pork production slightly for 2022 based on lighter carcass weights, which were down about a pound from last year. Also, November’s pace of slaughter was down compared to a year ago. That tight supply helped boost the wholesale cutout values. The negotiated sales of pork cuts in November were about 12 percent below November 2021 and values were up nearly 2.7 percent on the year, November to November. The biggest contributor, by far, to the increased cutout value was the ham, followed by the picnic. Bellies, loins, and ribs all were down. That increase makes sense during the Thanksgiving holiday period based on the reduced turkey supply due to highly pathogenic avian influenza...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.